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May 11, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Hot Springs, Business Loans > First Western Bank Hot Springs Business Loans > Direct Title Insurance Carriers Loan | ||||
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Tips for Business Owners On Getting a Loan
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Bank Loans for Direct Title Insurance CarriersWith these bank loans for direct title insurance carriers, the SBA guarantees the lender that the loan will be repaid. This direct title insurance carriers loan for $340,153 was given to a South Dakota entrepreneur in 2006. Getting a small business loan in Hot Springs, South Dakota was important for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from First Western Bank, operating out of Hot Springs, South Dakota. Here are the details on this South Dakota small business loan. SBA Loan Borrower COMPANY TYPE: DIRECT TITLE INSURANCE CARRIERS SBA Loan Lender FIRST WESTERN BANK This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 524127 - Direct Title Insurance Carriers Loan Approval Date 10/11/2006 Loan Approval Gross Amount $340,153 Loan Approval from the SBA Of the total $340,153 loan amount, the SBA guaranteed $255,115. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Obtaining Funding - How to Decide How Much to Raise Find an SBA Lender in Hot Springs, South Dakota Where to Get an SBA Loan South Dakota
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